Name: Tipalti
Rating: 4.660869565217391 (115 reviews)

About Tipalti

Tipalti currently serves more than 4 million suppliers and processes over $30 billion annually in international bank transfer remittance. Customers include Amazon Twitch, Amplitude, Roku, Roblox, Zumba, GoPro, PubMatic, Seeking Alpha, ClassPass, Toast, Automattic, Twitter, GoDaddy, Zola, Zipline, Headspace, Discord, Canva, and Foursquare

Tipalti automates the entire global payables operation, making it easy to pay suppliers anywhere in the world in different currencies and payment methods while eliminating 80% of the workload spent managing accounts payable processes. Reduce tax, regulatory, and financial control risk, accelerate your financial close with real-time payment reconciliation, generate revenue with early payments, and improve supplier relationships with Tipalti.

Pricing starting from:

US$149,00/month

Free Version
Free Trial
Subscription

Top 5 alternatives to Tipalti

Key benefits of Tipalti

Wipe out 80%+ of manual accounts payable operational processes, including supplier onboarding, invoice processing with PO matching, tax compliance, global payments, supplier payment status communications, and payment reconciliation with your ERP system.

Reduce tax risk. Tipalti collects W-9/W-8 tax forms, validates form data, calculates tax withholdings, and generates end-of-year 1099 and 1042-S tax prep reports, which can be used for e-Filings powered by Sovos. For international payers, Tipalti collects and validates the local tax/VAT ID in 50 countries.

Assist with regulatory compliance. Every payee is proactively scanned against OFAC and international blacklists to avoid payouts to suspected terrorists, those involved in money laundering, and drug traffickers.

Strengthen financial controls with built-in audit logs, signatory rights, role-based privileges, and robust workflow approvals.

Generate revenue for AP by offering early payments to suppliers. Manage your cash flow better and increase negotiating leverage without impacting your working capital.

Enhance your supplier payment experience by offering a broad range of global payment methods and currency selection, and by improving payment accuracy and timeliness.

Typical Customers

Freelancers
Small Businesses (2-50)
Mid-size Companies (51-500)
Large enterprises (500 and more)

Deployment

Cloud-based
On-premise

Markets

Argentina, Australia, Austria, Belarus, Belgium and 43 others

Supported Languages

Chinese, Dutch, English, French, German and 6 others

Pricing starting from:

US$149,00/month

Free Version
Free Trial
Subscription

Top 5 alternatives to Tipalti

Images

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Tipalti Software - With Tipalti’s world-class, self-service Supplier Hub, Suppliers can easily onboard themselves and choose their preferred payment methods and currency. Built-in vetting and validation reduce costly errors. 26,000+ rules validate payment data.

Tipalti Software - Complete touchless invoice processing workflow with machine learning (ML) powered OCR technology that captures both the header and line-level details.

Tipalti Software - 2-way and 3-way PO matching allow automated syncing of POs and GDRs from your ERP to Tipalti to complete the PO match flow, helping eliminate overspending and strengthen financial controls.

Tipalti Software - Effortlessly onboard partners with a self-service, white-labeled portal, enabling faster, more accurate payee data collection and verification.

Tipalti Software - Ensure fast, accurate mass payments to suppliers around the world – all with minimal accounts payable effort. 26,000+ built-in banking rules proactively eliminate payment errors before they happen.

Tipalti Software - Modernize your purchasing operations with Tipalti PO Management, a powerful, easy-to-use solution that lets you streamline your PO process while gaining greater control over spending and reducing financial and compliance risk.

Tipalti Software - Built-in KPMG-approved tax and VAT compliance features collect and validate IRS and VAT tax IDs while maintaining W-9, W-8BEN, and VAT details. At year-end, Tipalti generates 1099 / 1042-S tax preparation reports and calculates any necessary withholdings.

Tipalti Software - Tipalti Supplier Hub provides visibility into payment status via 24x7 multi-language partner portal and proactive automatic payment status emails.

Tipalti Software - Tipalti Detect proactively prevent fraud with detailed payee monitoring

Tipalti Software - Tipalti Multi-FX: A built-in, easy to use, fully automated, self-service capability to convert currencies for funding Tipalti accounts. Access to Live and transparent exchange rates and track conversions status

Tipalti Software - Tipalti’s Multi-Entity capability enables payers to manage a large number of entities within the same instance of Tipalti, enabling centralized controls and financial reporting.

Features

Total features of Tipalti: 138

1099 Preparation
ACH Payment Processing
API
Access Controls/Permissions
Accounting
Accounting Integration
Accounts Payable
Activity Dashboard

Activity Monitoring
Activity Tracking
Affiliate Management
Agency Commission
Alerts/Escalation
Alerts/Notifications
Approval Process Control
Audit Management

Audit Planning
Audit Trail
Bank Reconciliation
Billing & Invoicing
Billing Portal
Budget Control
Cash Flow Management
Cash Management

Check Writing
Client Portal
Collaboration Tools
Commission Management
Commission Scheduling
Compliance Management
Compliance Tracking
Configurable Workflow

Content Management
Contract/License Management
Controls Audit
Customizable Reports
Data Capture and Transfer
Data Extraction
Data Import/Export
Data Management

Data Mapping
Data Security
Data Synchronization
Debit/Credit Card Processing
Discount Management
Document Management
Document Storage
Duplicate Payment Alert

ERP
Electronic Funds Transfer
Electronic Payments
Electronic Signature
Email Reminders
Email/Online
Entity Data Management
Expense Tracking

FACTA Red Flags
File Sharing
Financial Analysis
Financial Management
Financial Transaction Approval
Flat Commissions
For Hedge Funds
For Money Exchanges

For Small Businesses
Foreign Exchange Risks
Fraud Detection
General Ledger
Invoice Creation
Invoice History
Invoice Management
Invoice Processing

Mobile Access
Mobile Payments
Multi Level Marketing (MLM)
Multi-Company
Multi-Currency
Multiple Payment Options
Onboarding
Online Invoicing

Online Payments
Order Management
PCI Compliance
PO Reconciliation
Paired Currency Comparison
Partial Payments
Payment Fraud Prevention
Payment Processing

Payment Processing Services Integration
Percentage Commissions
Point of Sale (POS)
Policy Management
Position Management
Price Guarantee
Procurement Management
Purchase Order Management

Purchasing & Receiving
QuickBooks Integration
Real Time Analytics
Real Time Data
Real Time Reporting
Real-Time Chat
Receiving/Putaway Management
Recurring Invoicing

Recurring/Subscription Billing
Reminders
Reporting & Statistics
Reporting/Analytics
Requisition Management
Risk Analysis
Risk Management
Rules-Based Workflow

Search/Filter
Self Service Portal
Sliding Scale Commissions
Sourcing Management
Spend Analysis
Spend Control
Spend Management
Split Commissions

Status Tracking
Supplier Management
Supports Multiple Investors
Tax Calculation
Tax Compliance
Third Party Integrations
Tiered Commissions
Trade Confirmations

Transaction History
Transaction Management
Transaction Monitoring
Transcripts/Chat History
Two-Factor Authentication
User Management
Vendor Management
Vendor Master Data Management

Vendor Payment
Workflow Management

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Reviews

Overall rating

4,7 /5

(115)

Value for Money

4,6/5

Features

4,5/5

Ease of Use

4,6/5

Customer Support

4,7/5

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Showing 5 reviews of 115 Read all reviews

Showing 5 reviews of 115

Mike

Overall rating

Industry: Information Technology & Services
Company size: 11–50 Employees
Review Source

Overall rating

Value for Money
Ease of Use
Customer Support
Likelihood to recommend 10.0 /10

Fantastic Team, Company and Service

Reviewed on 2016/08/27

We need a payment solution for paying nearly 1,000 publishers all around the world and we needed it...

We need a payment solution for paying nearly 1,000 publishers all around the world and we needed it fast. It had to work, it had to work well and we didn't want to deal with all of the hassles that this workflow could potentially entail. Tipalti's team made it easy, answered all of our questions, put our minds at ease and most importantly, got the job done. After having gone through the process manually one time, we could easily see the clear advantages Tipalti brought to the table. And they keep exceeding expectations every day.

Pros

Payments in different currencies
Payments all around the world
Different payment formats that the may require (ACH, wire, etc.)
1099 Handling

Cons

None that come to mind

Catina

Overall rating

Industry: Investment Management
Company size: 51–200 Employees
Used Daily for 6-12 months
Review Source

Overall rating

Value for Money
Ease of Use
Customer Support
Likelihood to recommend 9.0 /10

My POINT of view...

Reviewed on 2020/11/06

Pros

I like the new ACH Debit feature that allows us to save time from manually transferring funds from our bank to Tipalti. This saves us a great deal of time!
I also appreciate being able to create unique Payee ID's.

Cons

One of the issues I have is when you need to cancel an approval request, you are not able to let the approver know that the request has been cancelled. I
It would be nice to be able to add bills to a payment order that has already been scheduled.
No option to chat with the Support team when needing to reach out to them. It appears the only way to reach them is via email.

Chen

Overall rating

Industry: Real Estate
Company size: 51–200 Employees
Used Monthly for 6-12 months
Review Source

Overall rating

Value for Money
Ease of Use
Customer Support
Likelihood to recommend 6.0 /10

Approve review

Reviewed on 2020/11/26

Very good.

Pros

It's very user friendly.
Doesn't feel like there is a need for an ordination before use.
Very intuitive,

Cons

Once a request is submitted I found it difficult to make changes to it.

Dylan

Overall rating

Industry: E-Learning
Company size: 201–500 Employees
Used Weekly for 1+ year
Review Source

Overall rating

Ease of Use
Likelihood to recommend 8.0 /10

Great product!

Reviewed on 2021/06/01

Pros

The software is very user friendly and automated.

Cons

Having to fund our Tipalti account to pay vendors.

Response from Tipalti

Hi Dylan,

We greatly appreciate your positive review of the product! The user-friendliness and automation capabilities are where we hang out hat, and I'm glad that you're finding value with us.

Your feedback on the payments is also appreciated and I am passing it on so that we can continue to prioritise these enhancement ideas.

Dana

Overall rating

Industry: Computer Networking
Company size: 201–500 Employees
Used Daily for 1-5 months
Review Source

Overall rating

Value for Money
Ease of Use
Customer Support
Likelihood to recommend 10.0 /10

Approve.com is an example why you would rather buy a saas solution then build one

Reviewed on 2021/01/26

Approve .com has a great team of people, they understand the business of purchasing very well. the...

Approve .com has a great team of people, they understand the business of purchasing very well. the product has a NS interface which was very fast to implement. I love it!

Pros

intuitive, easy to implement, flexible and has cool UI!
Support is quick.

Cons

Approve is growing startup and they are missing some features as admin page but they are delivering new features very fast .

Alternatives Considered

NetSuite

Reasons for Switching to Tipalti

Approve has a flexible approval cycle , much better UI and is very easy to use . no training is needed! An erp system would never be able to provide such an easy business flow which fits our requirement so Well.

Showing 5 reviews of 115 Read all reviews

Tipalti FAQs

Below are some frequently asked questions for Tipalti.

Q. What type of pricing plans does Tipalti offer?

Tipalti offers the following pricing plans:

Starting from: US$149,00/month
Pricing model: Subscription
Free Trial: Not Available

Tipalti Express pricing starts at $149 per month for the platform fee. The pricing model is designed to grow with the company. As users need to add advanced features such as W-8 tax forms, international tax IDs, or multi-entity payables, it can easily be done.

Q. Who are the typical users of Tipalti?

Tipalti has the following typical customers:

2–10, 11–50, 51–200, 201–500, 501–1 000, 1 001–5 000

Q. What languages does Tipalti support?

Tipalti supports the following languages:

Chinese, Dutch, English, French, German, Italian, Japanese, Korean, Portuguese, Russian, Spanish

Q. Does Tipalti support mobile devices?

Tipalti supports the following devices:

Android (Mobile), iPhone (Mobile), iPad (Mobile)

Q. What other apps does Tipalti integrate with?

Tipalti integrates with the following applications:

ALERE, Acumatica, Affise, Brightpearl, Brokermint, CAKE, Dynamics 365 Business Central, Epicor, Everflow, Extensiv Order Manager, FinancialForce ERP, Genius ERP, HitPath, Infor Cloud ERP, Kinetic, LinkTrust, Macola, Microsoft 365, Microsoft Dynamics AX, Microsoft Dynamics GP, Microsoft Dynamics SL, NetSuite, Odoo, Oracle Cloud Financials, Orion, Paladin, PayPal, QuickBooks Desktop Enterprise, QuickBooks Online Advanced, Quickbooks Online, SAP Business ByDesign, SAP Business One, SYSPRO, Sage 100, Sage 300cloud, Sage 50cloud Accounting, Sage Intacct, Sage X3, Striven, TUNE, WORKetc, Wherefour, Workday HCM, Xero

Q. What level of support does Tipalti offer?

Tipalti offers the following support options:

Email/Help Desk, FAQs/Forum, Knowledge Base, Phone Support, 24/7 (Live rep)

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